SA-based Digemy secures 1 Million Rand, Leaves Company’s Valuation at 40 Million Rand

Digemy, South Africa-based ed-tech startup has secured R1-million funding. This new investment from Green world Capital leaves the company’s valuation at R40-million.

Digemy is an edtech startup that leverages its Digemy Knowledge Partner technology to measure the knowledge of the learner before and during each course. It then utilizes its findings in creating a unique learning curve for each learner based on their knowledge.

The company will leverage the new funds to expand the Digemy team, launch its Besmarta financial literacy platform, and also pursue entrepreneurial development. Besmarta Financial literacy platform aims to provide learners with access to microlearning modules and quizzes on financial literacy. The modules will cut down financial stress while helping learners gain financial independence.

Founded in 2016 by Carl Wallace and Kobus Louw, Digemy offers businesses detailed insights of their employee’s knowledge level, ranging from the course-level to the tiniest level of every syllabus offered. The platform delivers training material in bite-size chunks. Wallace was in charge of the tech while Louw oversees the business execution of the company. Currently, Wayne Stocks has replaced Carl Wallace.

Digemy partnered Kevin Horsley, a New York Times best-selling author and World Record Holder for the matrix memorization of 10 000 digits of Pi. This partnership will help develop and launch an app that will help children memorize multiplication tables.